The tragedy behind the IPL farce

Sukanta Chaudhuri, writing in the Telegraph, criticises the IPL for the apparent purposelessness of the wealth generated by the league and adds that the latest controversy has obscured much of what should be dominating the national consciousness.

The real good that wealth does is to create more wealth and extend it (however unevenly) to more and more people. The percolation model of enrichment is morally repugnant, but it is the model that seems to work most consistently among imperfect human beings. The most depressing feature of the IPL affair is not the money involved, nor the alleged wrongdoing, but the utterly sterile use of that money. It has generated no employment, created no national assets, had no triggering effect on the economy.